What does Designated Operations Exclusion Endorsement mean? Read on to discover the definition & meaning of the term Designated Operations Exclusion Endorsement - to help you better understand the language used in insurance policies.
Designated Operations Exclusion Endorsement
Used to exclude coverage under the commercial general liability (CGL) policy for specific operations. The exclusion designated ongoing operations endorsement (CG 21 53) can be used to remove coverage for either operations in progress at a specified location or all ongoing operations performed by or on behalf of the named insured. The exclusion designated operations covered by a consolidated (wrap-up) insurance program endorsement (CG 21 54) excludes operations with respect to listed projects for which the insured contractor has been provided coverage under a wrap-up insurance program. CG 21 53 can also be used to exclude only the contractor's ongoing operations on a wrap-up project, which preserves completed operations coverage with respect to these projects, as most wrap-up programs provide only limited completed operations coverage.
We hope the you have a better understanding of the meaning of Designated Operations Exclusion Endorsement.